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Xilinx Reaches New 52-Week High (XLNX)

Xilinx (Nasdaq:XLNX) hit a new 52-week high Thursday as it is currently trading at $39.47, above its previous 52-week high of $39.43 with one million shares traded as of 10:05 a.m. ET. Average volume has been three million shares over the past 30 days.

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- Xilinx (Nasdaq: XLNX) hit a new 52-week high Thursday as it is currently trading at $39.47, above its previous 52-week high of $39.43 with one million shares traded as of 10:05 a.m. ET. Average volume has been three million shares over the past 30 days.

Xilinx has a market cap of $10.03 billion and is part of the technology sector and electronics industry. Shares are up 6.9% year to date as of the close of trading on Wednesday.

Xilinx, Inc. designs, develops, and markets programmable platforms worldwide. The company has a P/E ratio of 21.4, above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Xilinx as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, increase in stock price during the past year, growth in earnings per share, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Xilinx Ratings Report.